Hot Property

Homeowners at risk of Foreclosure are Targets of Scammers

HUD coalition launches online scam reporting tool
WASHINGTON - March 1, 2010 - The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org.
” Homeowners at risk of foreclosure can be easy prey for home loan modification scammers,” said John Trasviña, HUD Assistant Secretary [...]

Federal Refinance Program Extended One Year

 

FEDERAL HOUSING FINANCE AGENCY
NEWS RELEASE
 

FHFA Extends Refinance Program By One Year
 
Washington, DC — Federal Housing Finance Agency Acting Director Ed DeMarco today announced the extension of the Home Affordable Refinance Program, (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2011.  The program is a key component of the [...]

New rules and program to Fast Track SHORT SALES.

In early 2009, the National Association of REALTORS® (NAR) urged the U.S. Treasury Department, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac to improve the short sales process.
NAR’s concerns were first addressed on May 14, 2009, when the Obama Administration announced the outline of a program to provide incentives and uniform procedures for [...]

Cease Foreclosures, move home loans in 60 days

State: Taylor, Bean, Whitaker must cease foreclosures, move home loans in 60 days
TALLAHASSEE, Fla. – Aug. 24, 2009 – Florida’s Office of Financial Regulation took more action Friday against Ocala-based Taylor, Bean & Whitaker Mortgage Corp., ordering the company to cease foreclosures, late charges and adverse reports to credit bureaus about customers.
It is state regulators’ [...]

Facing the Foreclosure Crisis

 
 
Team Sumberg with Keller Williams Realty would like to announce the following broadcast event to the general public in the Tampa Bay area.

Walter Walker, author and Director of Education and Counseling at Housing and Education Alliance, Inc. will be appearing on WEDUs Facing the Forclosure Crisis live on tomorrow night and the show will be be [...]

Home Affordability Refinance Program to Allow 125 Percent Loan to Value

FHFA AUTHORIZES FANNIE MAE AND FREDDIE MAC TO EXPAND HOME AFFORDABLE REFINANCE PROGRAM TO 125 PERCENT LOAN-TO-VALUE
Washington, DC
- The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refinance Program (HARP) to homeowners who are current on their mortgage payments from the present loan-to-value ratio ceiling of 105 [...]

Florida Laws protect Homeowners from Fraudulent Foreclosure Rescue.

 If you are a Florida Homeowner in default on your mortgage, PLEASE read through this and know you have 3 days to cancel your agreement for “Foreclosure-Related Rescue Services”.  Florida has specific language which must be included in any agreement you sign.  Be careful,

 

 

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 501
CONSUMER PROTECTION

501.1377  Violations involving [...]

Helpful Government Websites for Foreclosure Help

Team Sumberg has clients, customers, friends and in some cases family who are struggling to keep their homes.  It seems that every day we hear a new program announced by the government or a change to an existing program. 
With a growing number of government websites it’s difficult to know where to go for information or [...]

Not for the faint of heart, Foreclosures are bringing new opportunities to the market.

Tampa Bay’s value-conscious, first-time buyers have become key to the housing market’s recovery, and they are snapping up priced-right foreclosures despite the warts-and-all, sold-as-is condition of the properties. Half of the sales made in the year’s first quarter were to first-time buyers and almost half of all these sales were distressed properties, the National Association [...]

HOME LOAN MODIFICATIONS INCREASING

FANNIE MAE AND FREDDIE MAC HELPING MORE HOMEOWNERS; LOAN MODIFICATIONS INCREASING
Washington, DC - Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, an increase of 76 percent over the third quarter.
The modifications, along with the suspension of foreclosures that began November 26, reduced the number of foreclosures by nearly [...]